Can I retire at age 50 with 886,000?

Use the below retirement simulation to view the chances of a successful retirement.
About Your Retirement ?
Current Age
Retirement Age
Current Savings $
Annual Deposits $
Annual Withdrawals $
Stock market crash:
Portfolio ?
% in Stocks:
% in Bonds:
% in Cash:
Modify Stock Returns:
0%
Modify Bond Returns:
0%
Modify Cash Returns:
0%
Modify Inflation:
0%
How much money do I need to retire?

This retirement calculator runs simulations based on past data from the S&P 500, 10 Year Treasury Bond, 3 month T-Bill, and US inflation. For each year of each simulation, a random return and inflation amount is chosen.

How to use: Enter your current age and the age when you retire. Then enter your current savings, the amount that you can save annually before you retire, and the amount that you plan to withdraw after retirement. Your annual deposits and withdrawals take inflation into account. For example, if you need $50,000 to live on in retirement using today's dollars, we will automatically take into account the cost of living for your retirement years. The same is true for your annual deposits. Next, decide if you'd like to simulate a stock market crash.

In the portfolio section, choose the makeup of your portfolio with stocks, bonds, and cash. Cash assumes that your money is stored in a savings account. You can then alter the future returns and inflation. For example, if the market has historically returned about 10%, but you think the future will be worse, modify the stock returns by -3%, and the future returns will average out to 7%. Investment fees can also lower stock market returns. Many index funds and ETFs offer extremely low fees and expenses.

Many people receive income in retirement, such as social security, pension plans, part time jobs, annuities, and other benefits. This would allow you to take out smaller distributions every year. Please note that taxes must also be considered, but are not used in this simulation. A 401k, Roth IRA, and Traditional IRA are taxed differently than a standard investment account, as are dividends.

Note: This assumes that the future is at least somewhat like the past. In reality, anything could happen. The Soviet Union collapsed, Japan's Nikkei Index is still well below its 1989 peak. Numerous other markets have changed drastically and never recovered. However, this online tool is helpful in retirement planning and estimating how much you might need for retirement, especially those hoping to retire early. We recommend receiving advice from a financial planner.

Want to retire with $886,000?

Depending on your rate of return and investment timeframe, you'll need to save this amount every month.
2%4%6%8%10%20%
1 years$73,165$72,513$71,877$71,257$70,651$67,821
2 years$36,220$35,546$34,892$34,258$33,643$30,828
3 years$23,907$23,230$22,577$21,950$21,345$18,632
4 years$17,752$17,076$16,431$15,813$15,223$12,634
5 years$14,059$13,388$12,751$12,146$11,572$9,114
6 years$11,599$10,932$10,305$9,713$9,157$6,830
7 years$9,842$9,181$8,563$7,986$7,447$5,251
8 years$8,524$7,870$7,262$6,699$6,178$4,111
9 years$7,501$6,852$6,255$5,706$5,203$3,261
10 years$6,682$6,040$5,453$4,919$4,433$2,613
11 years$6,013$5,377$4,801$4,281$3,813$2,109
12 years$5,455$4,826$4,261$3,755$3,304$1,713
13 years$4,984$4,361$3,807$3,315$2,881$1,398
14 years$4,580$3,964$3,420$2,943$2,526$1,146
15 years$4,231$3,621$3,088$2,624$2,224$941
16 years$3,925$3,323$2,800$2,350$1,965$776
17 years$3,656$3,060$2,548$2,111$1,743$640
18 years$3,417$2,828$2,326$1,903$1,549$529
19 years$3,203$2,621$2,129$1,719$1,381$438
20 years$3,011$2,435$1,954$1,557$1,234$363
21 years$2,838$2,268$1,797$1,413$1,104$301
22 years$2,680$2,117$1,656$1,285$989$250
23 years$2,536$1,980$1,529$1,170$888$208
24 years$2,405$1,855$1,414$1,067$798$173
25 years$2,284$1,741$1,310$975$718$144
26 years$2,173$1,636$1,215$891$647$120
27 years$2,070$1,540$1,128$816$583$99
28 years$1,975$1,451$1,049$747$526$83
29 years$1,886$1,369$976$685$475$69
30 years$1,804$1,293$909$629$430$57
31 years$1,726$1,222$848$578$388$48
32 years$1,654$1,156$791$531$351$40
33 years$1,587$1,095$738$488$318$33
34 years$1,523$1,038$690$449$288$28
35 years$1,463$985$645$414$261$23
36 years$1,407$934$603$381$236$19
37 years$1,354$888$565$351$214$16
38 years$1,304$843$529$323$194$13
39 years$1,256$802$496$298$176$11
40 years$1,211$763$464$275$160$9
41 years$1,169$726$435$254$145$8
42 years$1,128$692$409$234$131$6
43 years$1,089$659$383$216$119$5
44 years$1,053$628$360$200$108$4
45 years$1,018$599$338$184$98$4
46 years$984$572$317$170$89$3
47 years$952$545$298$157$81$3
48 years$922$521$280$145$74$2
49 years$893$497$263$134$67$2
50 years$865$475$248$124$61$1

Sample Expected Returns by Investment Class

How long will my money last in retirement? Person retiring at age 50 starting with $886,000, adding $5,810 every year, while hoping to spend $48,380 every year in retirement. These numbers increase with inflation.
Reality usually performs much different than the expected returns. This uses historical averages, but anything can happen. In general, riskier investments have greater returns on average, but more volatility in the short term.
Age Total: 100% Stocks Total: 100% Bonds Total: 100% Cash Total: 47/40/13 Blend
49$886,000$886,000$886,000$886,000
50$982,365$935,407$921,674$1,024,704
51$1,031,090$929,766$901,074$1,048,937
52$1,083,164$922,227$878,163$1,069,783
53$1,138,877$912,646$852,811$1,091,333
54$1,198,547$900,871$824,885$1,113,670
55$1,262,524$886,738$794,244$1,136,887
56$1,331,191$870,078$760,740$1,161,093
57$1,404,968$850,708$724,221$1,186,407
58$1,484,318$828,435$684,526$1,212,967
59$1,569,747$803,057$641,485$1,240,927
60$1,661,811$774,357$594,925$1,270,462
61$1,761,122$742,107$544,662$1,301,768
62$1,868,352$706,066$490,503$1,335,066
63$1,984,239$665,978$432,250$1,370,605
64$2,109,593$621,573$369,692$1,408,663
65$2,245,307$572,565$302,613$1,449,553
66$2,392,361$518,653$230,782$1,493,626
67$2,551,832$459,517$153,964$1,541,274
68$2,724,905$394,821$71,909$1,592,936
69$2,912,886$324,207$0$1,649,103
70$3,117,206$247,299$0$1,712,496
71$3,339,444$163,700$0$1,792,341
72$3,581,335$72,989$0$1,879,376
73$3,844,789$0$0$1,974,403
74$4,131,908$0$0$2,089,440
75$4,445,003$0$0$2,250,009
76$4,786,621$0$0$2,425,301
77$5,159,563$0$0$2,616,766
78$5,566,913$0$0$2,825,998
79$6,012,067$0$0$3,054,755
80$6,498,762$0$0$3,304,971
81$7,031,115$0$0$3,578,776
82$7,613,656$0$0$3,878,516
83$8,251,375$0$0$4,206,772
84$8,949,767$0$0$4,566,388
85$9,714,883$0$0$4,960,497
86$10,553,386$0$0$5,392,548
87$11,472,615$0$0$5,866,339
88$12,480,654$0$0$6,386,055
89$13,586,404$0$0$6,956,305
90$14,799,671$0$0$7,582,164
91$16,131,257$0$0$8,269,226
92$17,593,057$0$0$9,023,648
93$19,198,179$0$0$9,852,217
94$20,961,058$0$0$10,762,407
95$22,897,597$0$0$11,762,452
96$25,025,316$0$0$12,861,423
97$27,363,516$0$0$14,069,314
98$29,933,459$0$0$15,397,135
99$32,758,571$0$0$16,857,016
100$35,864,659$0$0$18,462,319